FY2024 Earnings Estimate for Hudbay Minerals Inc. Issued By Raymond James (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Investment analysts at Raymond James reduced their FY2024 earnings per share estimates for Hudbay Minerals in a report released on Monday, September 23rd. Raymond James analyst F. Hamed now expects that the mining company will earn $0.87 per share for the year, down from their previous estimate of $0.95.

A number of other equities research analysts have also commented on HBM. Eight Capital upped their price objective on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research note on Thursday, July 11th. CIBC upped their price target on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an "outperform" rating in a research report on Thursday, June 20th. National Bankshares lowered their price objective on Hudbay Minerals from C$17.00 to C$15.50 and set an "outperform" rating for the company in a research report on Wednesday, August 14th. Royal Bank of Canada dropped their price objective on Hudbay Minerals from C$18.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus raised their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research note on Monday, July 22nd. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$15.34.

Hudbay Minerals Trading Up 7.6 %

HBM stock traded up C$0.90 during trading on Thursday, hitting C$12.70. The company had a trading volume of 3,607,276 shares, compared to its average volume of 1,600,838. The stock has a market cap of C$5.00 billion, a PE ratio of 34.32, a PEG ratio of 3.97 and a beta of 1.82. The business has a 50-day moving average of C$10.57 and a 200-day moving average of C$11.22. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a one year low of C$5.46 and a one year high of C$14.33.

Hudbay Minerals Announces Dividend

The firm also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals's payout ratio is 5.41%.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.